After reaching the key support at $81,000, we now got a local bounce with price returning around $82,500
For now I'd best wait for today's daily candle close, see how it turns out and after that I'll put together a new market setup, since locally they could manipulate in both directions right now to collect certain liquidity clusters, so it's best to wait a bit now and not rush into new positions.
The price of $BTC continues to decline and may reach the key level of $82,000. If the price successfully holds this level, a new uptrend will begin to form.
The main target for the price increase is a return above the 2-hour FVG zone in the range of $84,480 to $85,300.
$BTC swept an important liquidity block at 82200 and now there's a buyback to 83000, trendline break + daily divergence into a short, often they can signal continued decline after a small 83-84k range!
meaning the probability of a drop is now over 60%, they might raise to 84000 and then down
at the same time a break and hold of 84100+ built on strong demand can return the picture to long again, and such manipulations aren't rare either, even after a local breakdown!
if trading the probability, then short from 84000 or long above 84000 with a strong reversal present!
News is negative for us, besides Trump preparing strikes on Iran + US moving crypto onto exchanges + a wallet from Satoshi's era waking up...
USDT dominance is rising and flipped its trend to growth which can signal further market decline!
The price of AAVE has begun a correction. If, during the decline, the price reaches the 2-hour OB zone in the range of $157.4 to $162.9, that will be an excellent entry point for a long position.
The main target for future growth is to break through the $185 resistance level.
The price of $SUI is correcting toward a major zone of imbalance. This is precisely the zone where the price will react and resume its upward movement.
Entry: A long position can be opened in the zone of imbalance between the $1.0440 and $1.1090 levels.
Main Target: Liquidity is present at the previous high of $1.2930.
WATCH FOR PRICE REACTION AT $83K - BTC UPDATE | OCTOBER 7
BTC just dropped sharply to $83.5K, exactly as planned after yesterday’s warning to focus strictly on SHORT setups. Price is currently experiencing heavy selling pressure as it moves to sweep the liquidity pool below recent lows before determining its next major direction.
2 scenarios to watch at the $83k decision zone:
💡 Scenario 1: Support Sweep & Recovery (Bounce) Key Support Zone Below: $82.8K – $82.5K (with a deeper sweep potential at $81.8K – $82K). BTC continues ranging between $83K – $87K. Once the lower support zone is swept and buyers step in with strong reaction/volume, BTC has a clear path to bounce back toward $83.6K – $83.9K and continue higher within the range.
💡 Scenario 2: Heavy Sell Pressure (Breakout Downward) If the $83K support area breaks with strong selling momentum, BTC could slide further down toward $82K – $80K, or potentially even lower.
Note: The $83K area is the ultimate line in the sand. There is zero reason to rush or try to guess the exact bottom.